MedLink International (MLKNA)

[falon]

MedLink Early Days


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MEDLINK INTERNATIONAL INC.
FORMERLY WESTERN MEDIA GROUP CORPORATION
(A Development Stage Company)

NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

MARCH 31, 2006



NOTE C - STOCKHOLDERS' EQUITY

In January 2006, the Company issued 100,000 shares of $.001 par value per share common stock for all of the issued and outstanding shares of CNI Medical Coding and Recovery, Inc. (a medical billing company). The shares were valued at the closing stock price of the company's common shares on the date of acquisition ($.17 per share). CNI Medical Coding and Recovery, Inc. is a startup company with substantially no assets or liabilities.

In the first quarter of 2006, the Company entered into a subscription agreement with an individual for a private placement in the amount of $50,000 to purchase 400,000 shares of Western Media Group Corporation's stock for a purchase price of $.125 per share.

On January 1, 2006, the Company entered into new employment agreements with three individuals. The individuals will serve as the Company's Chief Executive Officer, Vice President and Chief Technical Officer. The term of the agreements are for five years and provides for cash compensation for a total of $272,000 per year, however, the three employees have agreed to accept 2,000,000 shares of the company's restricted common stock in lieu of cash compensation. In addition the employees will receive an option to purchase each year 1,000,000 shares of the Company's common stock. The exercise price of the options shall be the fair value market value of the common stock on the date granted to the employee ($.17 in 2006). The options expire in ten years. The common stock and options each have a two year vesting period during which they will be forfeited if the employee is terminated for cause or leaves the Company prior to the end of the term. The vesting period is accelerated in the event of a change in control of the Company.


THE MEDLINK VISION:


MedLink will offer the medical community applications and services that it believes will ease accessibility to information related to patient care through the creation of a secure digital environment, while making it accessible to institutions both large and small at an affordable price in order to achieve the highest level of participation.

MedLink is dedicated to creating and providing the digital backbone for the delivery of enhanced medical services to healthcare professionals worldwide through a suite of network, communication, management, financial and value-added solutions through the utilization of its Virtual Private Network (MedLink VPN). The VPN connects the healthcare professionals with vital information and key resources creating efficiencies and thereby achieving optimal, real-time delivery of patient information.

MedLink is driven by its vision of creating a national, paperless, healthcare hub, combining the wisdom of healthcare professionals and the latest in integrated technology to provide solutions for the current and future challenges facing the healthcare industry. MedLink is determined to become the global leader that physicians and healthcare professionals will turn to for real-time, cost-effective access to a myriad of patient information at the touch of a button.